Friday, April 13, 2012

"UK Council Pension Funding improves by £37 Billion in one year!" TPA

For some reason or other the Tax Evader's Alliance (which is also known as the Tax Payers Alliance/ TPA) did not use this post's title for their "report" published yesterday about Council Pensions (the LGPS - local government pension scheme) Funding. Instead they continued with their selective scaremongering about so called "New Research" and a "£54 billion "black hole".

The truth of the matter is that funding of Council pensions has improved by a colossal £37 Billion in just over a year. You would have thought that this would be a cause of celebration if you were genuinely concerned with tax payers exposure to pension liability?

Of course the the way that all funded pension funds assets and liabilities (private and public) is calculated is barmy. But that is another story. The fact that they don't appear to know or care shows them up to be the extreme right wing "nasty party" Tory front that they pretend not to be.

So desperate are they to discredit the pensions of cleaners, lollypop ladies and town hall clerks that they compared (the totally unfunded) Police Officer pension contribution rates with the LGPS. What rubbish? The schemes are chalk and cheese. Council pensioners would love to retire with a full pension after 30 years service and many would pay more if they could do so. Maybe they should have titled their report "TPA want all Council workers to retire at 50"!

The real nonsense about the Tax Evaders think tank4 thickos is that they say nothing at all about the real scandal in British taxation. The individual and corporate tax cheats who cost the UK £70 billion a year (every year - repeat £70 Billion).

Maybe because some TPA directors don't pay any UK tax and some of their funders are serial tax evaders while others simply want to privatise the LGPS so they can rip it off?

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About John's Labour blog

This is my own personal blog and nothing officially to do with
my employer, my trade union, Labour Party or Newham Council. Please email me on
John.Gray2012ATicloud.com if you have serious
concerns about anything on this blog.

Born and brought up in Buckley, North Wales. Leeds University Graduate. Westminster University PGDip. I now
live in East London but have also lived in Yorkshire and Scotland. I have worked
previously for a local authority and currently for a large Housing Association
which has property across England.

I am the UNISON (UK public services trade union) Greater London
Housing Association Branch Secretary and National Executive Committee Member
for Community (Housing Associations and Voluntary Sector). Chair of London
Labour Link (APF) and member National Labour Link Committee. NEC Committee
member on National Policy & Development, Industrial Action and
also UNISON Staff Pension scheme, Chair of its Investment subcommittee and "There for you" Welfare trustee.

UNISON Local Government NJC, Greater London Regional Council Officer and Deputy
Chair of London Europe & International Committee.